TRUCK and heavy equipment business Volvo Group has reorganised its Volvo Financial Services business in Australia and other Asia Pacific markets to boost customer and dealer support while making faster financial decisions.

The change to VFS’s operations also sees the Asia Pacific market move from January 1, 2021 to beneath the VFS International umbrella, headquartered in China.

The VFS International region now includes Australia, Japan, India, South Korea, China and South-East Asia Alliance markets. It will be run by the current head of VFS Asia Pacific, Paul Le Houillier, who becomes senior vice-president of VFS International.

Mr Le Houillier said: “In order to serve our customers at an even higher level, we must continually assess and improve our organisation to meet their ever-changing needs.”

“This realignment helps VFS better support the Volvo Group brand organisations, while positioning us closer to the markets to enhance our services and expand our business.”

The realignment of VFS International is part of a larger VFS reorganisation. Its current European regional organisation has transitioned to include three new regions: VFS Europe – South & West, VFS Europe – North & Central and VFS Europe – Central East & East.

VFS is part of the Volvo Group and offers transport and infrastructure solutions through products including trucks, buses, construction equipment, power solutions for marine and industrial applications, and financial services.

By Neil Dowling